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 Replies: 34 / Views: 3,914 |
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Rest in Peace
United States
1729 Posts |
Whatever you do, don't sell these for any bullion price (by weight) that you're offered.
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Moderator
 United States
16679 Posts |
Exactly. These are coins, not bullion and have a FMV associated with them. I would hold off until you can sell to a dealer directly. I hear Richard Nachbar is very fair. I've never sold to him though. May want to contact him. He is in New York. White Plains?
swcoin.ecrater.com
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Valued Member
United States
244 Posts |
Since at least some of the coins are slabbed already, I wonder if you might be better off dealing with someone like Heritage? Never tried selling through them (or buying, for that matter), so I can't say for sure.
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Bedrock of the Community
United States
10982 Posts |
Quote:
I wonder if you might be better off dealing with someone like Heritage? Not with common dates and from what I can see, these are common dates. There are some very nice and valuable pieces here. The Half Eagle slabbed MS60 would likely be a 62 if re-submitted today. PCGS and NGC rarely use 60 or 61 these days. dzrick: If you can post the denomination, date, mintmark (if any) and assigned grades (I can't see the $20 Liberty grade), we can give you a good idea of the value. The raw pieces (not slabbed) will need better pics of the obverse and reverse for grading too. If you do need to sell these, APMEX is a quick and reliable option and the Richard Nachbar suggestion is good too. |
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Moderator
United States
16679 Posts |
IMO, unless they are very rare dates or types, I'd avoid Heritage with their 15-20% fees. Just my 2C worth :P
swcoin.ecrater.com
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Valued Member
United States
244 Posts |
That's interesting. Yes, heritage fees are pretty steep, but I would have thought that most dealers would hit you with at least 20% themselves. Is that not the case?
Also, Heritage does gold-only auctions with no buyers fees. I have no idea what their sellers fees are for these auctions, but presumably they don't hit the seller with the full 15% plus the usual seller fees?
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Bedrock of the Community
United States
10982 Posts |
Quote:
...I would have thought that most dealers would hit you with at least 20% themselves. Is that not the case?
Not usually at APMEX. Their website lists "Buy" prices for many gold coins. Take a look. When you say 20%, it could be up to 20% under their selling price but still good for a reliable, quick sale at a good price. Never sell any gold under spot regardless of the circumstances. Slabbed MS gold can be sold well over spot with ease. |
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Valued Member
United States
499 Posts |
Not to defend the dealer as I don't know who he is but I just thought I would let you know that as a Sealer of Weights and Measures and a Zoning Code enforcement officer for a local municipality I deal with the regulations surrounding the buying of coins and jewelry on a daily basis. This topic has come up at several regional meetings. Each town or municipalities sets their own regulations for how to handle the resale of these items. The municipality I work for requires that all gold, silver or precious gem purchases from the public be held by the shop owner for a minimum of 30 days and that the shop owner report all transactions to the police dept within seven days of the purchase. This allows the police time to match up purchases with stolen items in the community. Many towns throughout the country have similar ordinances ranging from 7 days to 30 days.
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Valued Member
 United States
72 Posts |
Hopefully I address everyone in this post.
pls....I won't sell this as bullion, thank you.
Vermon... Thanks, I will keep Richard Nachbar in mind if I find myself needing to sell.
ziggy, you bring up a good point. It very well could be a law to curb the sale of stolen coins.
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Valued Member
United States
72 Posts |
bherring, I haven't got this picture taking thing down yet and don't know why most of these look like they do but these all have nice eye appeal. No mints marks on any of these. 1) $20 1922 St. Gaudens MS-62 2) $20 1893 Liberty MS-61 3) $5 1898 Liberty MS-60 4)$2.5 1913 Indian AU-58 5)$10 1932 Indian   6)$10 1893 Liberty   7) $5 1881 Liberty   Edited by dzrick
10/10/2010 01:03 am
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Bedrock of the Community
United States
10982 Posts |
dzrick you're doing a nice job! I'll provide some prices for you based on today's gold spot. These are wholesale prices (like Coin Dealer's Newsletter Greysheet Bid). You might get more if you can find a retail buyer but here's what I would expect to get:
1) $20 1922 St. Gaudens NGC MS62: $1500
2) $20 1893 Liberty NGC MS61: $1525
3) $5 1898 Liberty NGC MS60: $425
4) $2.5 1913 Indian NGC AU58: $325
5) $10 1932 Indian raw EF w/copper spots: $725
6) $10 1893 Liberty raw AU: $725
7) $5 1881 Liberty raw EF/AU: $400
It's no knock on these coins to call them bullion. Many people refer to common date, classic U.S. gold pieces as "generic" or "bullion". Your $5 1898 Liberty NGC MS60 could be worth more than $425 but being in an MS60 slab holds it back.
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Valued Member
United States
71 Posts |
Gold is beautiful !! Follow your gut and post the questions you have right here ... great experience abounds.
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Valued Member
United States
72 Posts |
bherring,
Why is it that the $5 1898 Liberty, being in a NGC slab might be holding it back?
I should probably start some "Grade my coins" threads along with some "How much is this worth" threads to get more exposure.
You'll get a good laugh once I show you my no cost photography setup too.
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Pillar of the Community
United States
1534 Posts |
Some collectors try to stay away from the lowest MS grades (60, 61, etc.) due to the fact that a low MS coin is often very baggy with a lot of hits and so a lot of people would rather have a nice 58 with minimal hits and marks with only a small bit of wear holding it back.
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Bedrock of the Community
United States
10982 Posts |
What wheatguy said plus that coin could be a 62 if re-submitted today and that would add about $100 to it's value in most selling venues.
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Replies: 34 / Views: 3,914 |
First Page
Posted 10/09/2010 7:22 pm
